ICC Holdings, Inc. (NASDAQ:ICCH) Sees Large Increase in Short Interest

ICC Holdings, Inc. (NASDAQ:ICCH) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,800 shares, a growth of 47.4% from the November 30th total of 1,900 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

ICC Stock Performance

Shares of NASDAQ ICCH traded down $0.07 during trading hours on Monday, hitting $23.28. 485 shares of the stock were exchanged, compared to its average volume of 9,398. The firm has a market capitalization of $73.08 million, a P/E ratio of 10.49 and a beta of 0.32. The company’s 50 day moving average is $23.18 and its 200 day moving average is $22.90. ICC has a one year low of $14.78 and a one year high of $23.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in ICC during the 3rd quarter worth $3,497,000. Gardner Lewis Asset Management L P bought a new position in shares of ICC in the 2nd quarter valued at about $2,594,000. Gabelli Funds LLC bought a new position in shares of ICC in the second quarter valued at $1,149,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ICC during the 2nd quarter worth about $679,000. Finally, Bank of Montreal Can bought a new stake in ICC in the second quarter valued at approximately $532,000. Institutional investors own 46.50% of the company’s stock.

ICC Company Profile

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.